PyroGenesis Inc T.PYR

What is management doing?

[tamaracktop]

This news was announced yesterday.

Repeating news the day before earnings won't be received well by the market. 

"News" the day before earnings is a No-No.

It smacks of desperation.

[Mostlyserious]

I would say they are treating the two companies as somewhat separate. Yesterday's NR was that of HPQ.  Today is that of PYR.  Both have similar content but not exactly the same nor the same detail.  The new snippit here, that was absent in HPQ is the development of the pilot plant, to be operational in Q2 of 2024.  I may be mixing things up, but wasn't there an NR

[paul03]

HPQ sent out the news yesterday. PYR released it today with added information. Information that hints to people they fully intend to still be operational in 2024 despite the fears some here have been spreading about the company dying shortly.  Separately, the Company announces that production of the fumed silica pilot plant is underway, which is intended to be in operation in Q2 of 2024.

[tamaracktop]

I see your point Paul, but I think your case is tenuous.  This "news" is basically yesterday's news re-worded, and it's unusual the day before earnings to see something like this. It looks like a blatant effort by management to saturate the market with a positive development right before bad news, and personally I think it will backfire. 

[Mostlyserious]

Material news cannot be withheld beyond allowed timelines because of quarterly results.  Granted, "material" is more often than not subjective. In any case, I do not believe this news will impact real investors' assessment of the financial results.  Real investors will look at those statements and figure out what that means to them in terms of risk/reward or the challenges

[paul03]

Why backfire? I don't think they sent out that release hoping the SP would skyrocket over a dollar. It's just an add on to yesterdays HPQ release. I'm invested in PYR I like seeing it in writing that they're building things and have the future in mind as if they will still be in business. Some posters have been saying this company is toast for a while now granted some of those

[StairwayTo]

How many days before earnings would it be acceptable to the stock market world to issue a NR?

[tamaracktop]

In the US, the SEC imposes a "quiet period" for 10 days before an earnings release.  In Canada it's a tacit rule never enforced. At least that's how it used to be back when the Earth was still cooling.

[paul03]

I don't know much about SEC rules or anything like that. I'm a nobody. But let's say a company (any) receives game changing news the first day of that 10 day quiet period technically they're allowed to remain silent until quiet period is over? Or they have to remain silent for that period? Also another question would be don't the SEC go over or approve NRs before they are

[StairwayTo]

Don't be sorry, I was asking too because another scenario is what if you do have a good news but you don't release it, and your client does PR it, and then the media? Would a comany be in trouble if they didn't inform their shareholders in time because they had to wait let's say 5 more days before earnings call.